The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-04

Memphis Water o. .. bid, :. asked
Tenn. Brewing Co.,. 127 bid, :. asked
speers' Wedding Co. los bid, ITO asked
U'on Sfk Y'rd 4 F Co., bid. &c. asked
NEW YORK. May 3.-Money on call
easy at 4l@7 per cent, last loan 5,
closing offered at 8 per cent. Prime
mercantile paper, 5@59 per cent. Ster.
ling exchange dull but strong at 1861
for sixty day bills and 4S73 for de-
mand.
Bonds - Government bonds were
dull, but steady to weak. State bonds
were dull and steady.
Stocks-The stock market today, ex-
cept for three or four stocks, was fully
as dull and featureless as yesterday,
although the operations in the few
active stocks gave more character TO
the trading. There was no news of
Importance, and the operation % were
little more than the naanipulations by
the cliques and the usual purchases
and sales by the room traders. Fluc-
tuations in the general list were un-
usually small and p possessed little or no
significance. Western Union was the
principal point of attack in the fore.
noon, but gave place later to Reading
and New England Many conflicting
stories in regard to the first named
stock continue to be circulated, and
the street is puzzled in regard to its
future course. The efforts to depress
New England met with but small sue
cess, and its strength in the forenoon
was, considering the influences
brought TO bear against it, somewhat
remarkable. Fort Worth and d 4nver
was the conspicuous strong stock OF
the day, but its movements he'd no eff
feet upon the general list. Money
was again bid up in the sftsrnoon,
and, in corjunciion with the advance
in sterling exchange rates, had some
little effect upon the market. Union
Pacific was remarkably steady through
out the day, the improvement
in it's tone being generally ascribed to
the lse report OF earnings. The open.
ing was generally firm, most stocks
showing advances Of ! to J. The mar
ket soon weakened, however, aud
fractional declines were estabisbel in
the general list, while New England
was specially weak for the first few
minutes. A genera rally occurred,
however, before noon, although West
ern Union continued weak through
out most of that time. The fluctua-
tons in the general list were confined
within range of 4, and after l2o'clo k
the market became extremely dull.
Fort Worth and Denver was strong
and the general list responded feebly,
but later the Improvement was entire
ly lost, the heavy tone prevailing until
near the close, which was dull and
steady. Sales, 2l0,400 shares; Read.
ing, 45,059; New England, 27,400;
Western Union, 26, 1910; Union Pacific,
$3.50; Fort Worth ald Denver, 49,
100. Closing prices are irregulsrly
changed from those of last evening,
declines being slightly in the ms jorisy.
Forth Worth gained 1t, but all other
differences are for fractions. Railroad
bonds were quiet with sales Of 81, 3d.
600. Tie lis. was firm in the morn
ing, but weakened later in the day,
and closing prices show irregular
changes. Morris aod E ,ssx consols
gained 2, to 1871; Kansa, Pacific IS OF
1895 2, to 1l5; Oregon Short Line
firsts lost 2, 10 1013,
The total sales of stocks t day were
210,46S shares, including Delaware,
LsckswanDa and Western. 1900; Erie,
$500; Lake Shore, 5764 Louisville and
Nashville, 5000; Missouri Pacific, 1920;
Northwestern, $500; Reading, $4,000;
st. Paul, 5000; Union Pacific, 1880;
Western Union, 26.6l0. Closing quo
tations: